12th Banker Suicide, Experts Baffled as Bodies Stack Up

A New York City investment banker is
dead after allegedly jumping from his apartment building, continuing an
alarming streak of suicides that has descended upon the financial
world.

The latest death occurred on March 12, when 28-year-old
Kenneth Bellando was found on the sidewalk outside his six-story
Manhattan apartment building. Before moving into his last position,
Bellando worked as an investment banker at JP Morgan Chase.http://www.rt.com/usa/twelfth-banker-...

Rash of finance-pro suicides baffles experts

"Jumping
is much less common as a method for suicide in general, so I am struck
by the number that have occurred in recent months in this industry,"
said Dr. Christine Moutier, chief medical officer of the American
Foundation for Suicide Prevention.http://nypost.com/2014/03/18/string-o...

***
March 18th, 2014 - Cryptogon.com
And another one.
Via: New York Post:*** A 28-year old Manhattan investment banker has died after an apparent suicide, police sources said.

Kenneth Bellando, who worked at Levy Capital since January, was found dead on the sidewalk outside his East Side building on March 12, after allegedly jumping from the sixth-story roof, sources said.

Bellando, a former investment bank analyst at JPMorgan, is the son of John Bellando, chief operating officer and chief financial officer at Condé Nast. His brother, John, a top Chief Investment Officer with JPMorgan, works on risk exposure valuations.

Several John Bellando emails were cited during testimony at the Senate Finance committee’s inquiry into the bank’s losses during the infamous London Whale trade fiasco.

RT 2014-03-18.A New York City investment banker is dead after allegedly jumping
from his apartment building, continuing an alarming streak of suicides
that has descended upon the financial world.

The latest death occurred on March 12, when 28-year-old Kenneth
Bellando was found on the sidewalk outside his six-story
Manhattan apartment building.

According to the Daily Mail, police investigators said the case
was still under investigation, but that they do not suspect a
third party to be involved and that Bellando – who had been
working for Levy Capital since January – likely took his own
life.

Before moving into his last position, the New York Post reported
Bellando worked as an investment banker at JP Morgan Chase. His
brother, John Bellando, also works at JP Morgan as an investment
officer; the Post stated that multiple emails by John Bellando
were presented as evidence during Senate hearings regarding the
“London Whale” trading scandal.

- Kenneth Bellando’s death now marks the 12th time this year that
an employee in the financial world has taken his or her own life
around the globe.

Bellando graduated from Georgetown University
in 2007, and is the youngest banking professional to commit
suicide this year.

Although positions in the banking world can be especially
lucrative, they’re also known to place an extreme amount of
stress and pressure on individuals. It’s unclear whether or not
Bellando’s death is related to pressure at work, but just last
month psychologist Alden Cass told CNN Money that investment
banking is particularly demanding.
"Out of all the sections of finance, no position do I know of
that's more extreme in terms of the emotional endurance one has
to have than investment banking," said Cass, who also
co-wrote “Bullish Thinking: The Advisor's Guide to Surviving and
Thriving on Wall Street.”

The recent string of suicides began in January, when Deutsche
Bank AG's William Broeksmit, 58, was found hanged in his home on
January 26 after reportedly committing suicide. Two JP Morgan
employees are also believed to have taken their own lives after
falling from buildings in London and Hong Kong.

1 kommentar:

Here are all the recent untimely financial professional deaths we have witnessed in recent months:

1 – William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.

2 – Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.

3 – Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.

4 – Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.

5 – Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.

6 – Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.

7 – Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.